The last time I paid attention to the GBPNZD currency pair was December 20, 2017. At that time, the target for key support in the vicinity of 1.87 / 88 was also mentioned.
As can be seen on the weekly chart below, the pair reached this support and successfully tested it. The result of the test was creation of a pin bar with long lower wick, which indicates a potential reversal.


In turn, on the 4-hour chart, we see that the price has returned over the local resistance area at 1.8950, which has turned into support. If pair stays above this support and also above the low at 1.8845, there is potential for upward movement.The nearest short-term goal is now the resistance zone stretching from around 1,9200 to 1,9260.

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